IBEW LOCAL 163

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1901

Legal Domicile

Principal Officer

JILLIAN HENDERSON

Phone

5708234028

Tax Period

2024-07-01 to 2025-06-30

IBEW LOCAL 163, founded in 1901, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 158% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 49% operating margin.

Mission

IBEW LOCAL 163 EXISTS TO ENHANCE THE STANDARD OF THE CRAFT AND TO REPRESENT WORKING MEN AND WOMEN.

Program Service Accomplishments

Program 1

Expenses: $1,335,517 Revenue: $2,556,562

TO ORGANIZE WORKERS AND TO SECURE WAGES, HOURS, WORKING CONDITIONS AND OTHER ECONOMIC ADVANTAGES THROUGH ORGANIZATION, NEGOTIATION AND COLLECTIVE BARGAINING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,513,749

Investment Income $104,472

Other Revenue $9,268

TOTAL REVENUE $2,627,489

Expense Breakdown

Grants Paid $0

Salaries & Benefits $788,493

Fundraising Expenses $0

Program Expenses $1,335,517

Other Expenses $547,024

TOTAL EXPENSES $1,335,517

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,627,489	$1,020,316	+1.6%
Expenses	$1,335,517	$946,590	+0.4%
Net Income	$1,291,972	$73,726	+16.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$142,026

Total Directors

$157,066

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN P FARRELL	EXECUTIVE BOARD	40.00	Director	$102,163	$0	$102,163
STEPHEN V KONOPKE	EXECUTIVE BOARD	5.00	Director	$1,025	$0	$1,025
JOSEPH L BRADBURY	EXECUTIVE BOARD	5.00	Director	$1,025	$0	$1,025
JILLIAN HENDERSON	EXECUTIVE BOARD	5.00	Director	$51,828	$0	$51,828
MARK D GATUSKY	EXECUTIVE BOARD	5.00	Director	$1,025	$0	$1,025
JOHN H OLEJNEK	BUISNESS MANAGER/FINANCIAL SECRETARY	40.00	Officer	$121,320	$14,041	$135,361
PATRICK NOVAKOWSKI	PRESIDENT	5.00	Officer	$1,538	$0	$1,538
LIAM TRUSKOWSKI	VICE PRESIDENT	5.00	Officer	$1,282	$0	$1,282
DAVID KASKEL	TREASURER	10.00	Officer	$2,563	$0	$2,563
JOHN T NADOLNY	RECORDING SECRETARY	5.00	Officer	$1,282	$0	$1,282

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$2,627,489	$1,335,517	$3,195,469	$1,291,972
2024	$1,020,316	$946,590	$1,898,623	$73,726
2023	$1,184,178	$962,939	$1,794,778	$221,239
2022	$1,018,509	$893,388	$1,558,374	$125,121
2021	$895,986	$951,261	$1,546,793	$-55,275
2020	$834,361	$893,480	$1,405,526	$-59,119
2019	$963,967	$892,264	$1,485,293	$71,703